We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The topic can be proposed by the writer - Term Paper Example

Comments (0) Cite this document
Summary
Macro & Micro Economics Contents Contents 2 Introduction 3 Monopoly Market 4 Microsoft in the Market 8 Arguments against Microsoft Antitrust Behavior 10 Arguments for Microsoft Antitrust Behavior 11 Conclusion 12 Works Cited 14 Name of the of the Professor Course Number Date Macro & Micro Economics Introduction The economic development in any nation can only be achieved with the benefits of efficient allocation of resources…
Download full paper
GRAB THE BEST PAPER
The topic can be proposed by the writer
Read TextPreview

Extract of sample
"The topic can be proposed by the writer"

Download file to see previous pages However, in the contemporary market conditions, business affairs are highly complex in nature. There are many situations in the economy where few corporate firms in the industry possess extraordinary powers to manipulate the price and quantity supplied. These are situations when the resource apportion in the economy are not proficiently executed. The wastage of productive resources in the economy leads to social welfare dampening. Thus, for ensuring proper economic development in a nation, the economy must be guided by the Mixed Economic Principles. In such situations, the power and the antitrust practices of the private business organizations are controlled by the public authorities. This project would focus on the antitrust behavior of the famous multinational company of Microsoft in U.S. (Ross, “The Economic Theory of Agency: The Principal's Problem”). Monopoly Market In the theory of economics, a monopoly market structure is characterized with no competition in the market. In this type of a market structure, there is only one seller in the market. On the other hand, the number of buyers in the industry is infinite. The single seller has the power to manipulate the market price of the product or service sold by him. The type of product or service sold by a monopoly seller in the market may be homogeneous or heterogeneous in nature. A monopoly seller is a profit maximizing agent in the industry. Figure 1: AR and MR Curve of a Monopoly Producer AR, MR Price or Average Revenue Curve (P or AR) Marginal Revenue Curve (MR) Quantity (Source: Authors Creation) The above diagram shows that the price or average revenue curve of a monopolist in the market is negatively sloped. The marginal revenue curve is also downward sloping for a monopolist. In the long run, a monopolist may enjoy normal (break-even) profit, supernormal profit or loss. A monopolist in the market discriminates among its consumers on the basis of the product prices charged to the customers (Gravelle and Rees 145). Figure2: Price Discrimination (Source: Stole, “Price Discrimination and Imperfect Competition”) As shown in the above diagram, a monopolist may discriminate among its consumers on the basis of prices. In the above diagram, for the s=2 demand curve, the monopolist charges price p2 and it charges price p1 for the demand curve s=1. It may seem that a monopoly structure is a hypothetical market but by adopting special business strategies, a firm might become a natural monopolist in the industry. Figure 3: Natural Monopolist (Source: Tragakes 184) A single seller may grasp an entire share of market demand by taking the First Mover Advantage in business. By increasing the base of customers, the company may enjoy economies of scale in production. Scale economies in the long run would help the firm to minimize the average cost of production. In such a situation, it would be impossible for another firm to enter in the industry and sell products at such low average costs. Thus, a natural monopolist in the market enjoys scale in economies of production and prevents other firms from entering the industry. Figure 4: Welfare Loss in Monopoly (Source: Mankiw and Taylor 253) As stated in the above diagram, the efficient quantity of output is much more than the monopoly output threshold. On ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The topic can be proposed by the writer Term Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1492871-the-topic-can-be-proposed-by-the-writer
(The Topic Can Be Proposed by the Writer Term Paper)
https://studentshare.org/macro-microeconomics/1492871-the-topic-can-be-proposed-by-the-writer.
“The Topic Can Be Proposed by the Writer Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1492871-the-topic-can-be-proposed-by-the-writer.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International Business: proposed new branch for A Saudi perfumes Company in Malaysia
The eight points would help in getting an effective understanding of the two economies in question such that the concern in question tends to expand from the former to the latter economy. Finally the paper presents a formal discussion of the inferences drawn from the eight points of the latter economy and thereby helps in effectively indentifying key strategies through which the perfume company in question can make an effective entry into Malaysia.
18 Pages(4500 words)Term Paper
Proposed marketing research for a specified company (REPORT)
Consequent upon liberalization and globalization, the pattern of working and the working hours in the businesses have changed drastically over the period of time with activities in various establishments such as BPO centers, software companies and other service organizations in the cities and towns.
8 Pages(2000 words)Term Paper
Operations Management Issues and Proposed Solutions
According to the report information technology involves the use and application of telecommunication and computer software and equipment to store, manage, transmit and manipulate information or data. In today’s world, IT has been become a key component of every aspect of human existence and their activities.
10 Pages(2500 words)Term Paper
Main topic is Markets
It is the typical abnormality of a financial crisis: abortion of one bank inflicting losses on the added bank that lent monies to it, which in about-face may abort to accord its debts, inflicting losses on its
9 Pages(2250 words)Term Paper
Topic of your choice
These waves include: Radio Waves, Microwaves, Infrared, X- rays and Gamma-rays (Mattson). The magnetic and electric fields resulting in the electromagnetic waves interact by coming together at right angles to each other and these
5 Pages(1250 words)Term Paper
Topic of your choice
As can be understood these two goals are somewhat separate and oftentimes create a level of tacit difficulty for human resource departments around the nation, and
10 Pages(2500 words)Term Paper
Proposed Plan
The product development team which is in place is perfectly capable of handling this project. This is because they have successfully developed and launched superior products, which have had a positive effect in the market. As the team leader, I posses more
1 Pages(250 words)Term Paper
The topic can be proposed by the writer
His composure during the interview was a clear indication of his confidence and strong interaction skills. He is well learned with excellent verbal and written communication skills. His communication skills are diverse as he is fluent in the Spanish
4 Pages(1000 words)Assignment
Hunting Methods of Early Man

According to the essay, homo habilis was discovered in the year 1960 by the leaky team in Tanzania a place known as Olduvai Gorge. The Homo habilis name refers to ‘handy man’ or a ‘skillful person’. He was entitled to this name because some force tools were found alongside him and his arms were long such as those of an ape.

5 Pages(1250 words)Term Paper
Compare a social problem between two countries, writer can make a topic for the paper
This paper seeks to discuss homelessness as a social problem in United States and in Canada. Individuals who are estimated to be homelessness in Canada are 200,000 to 300,000 while in United States the figure of
7 Pages(1750 words)Term Paper
Let us find you another Term Paper on topic The topic can be proposed by the writer for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us